Mumbai, April 16 -- Import prices in the U.S. edged slightly lower in the month of March, according to a report released by the Labor Department on Tuesday.
The Labor Department said import prices slipped by 0.1 percent in March after rising by a downwardly revised 0.2 percent in February.
The report also said the annual rate of growth by import prices slowed dramatically to 0.9 percent in March from 2.0 percent in February.
The modest monthly decrease by import prices largely reflected a sharp pullback by prices for fuel imports, which plunged by 2.3 percent in March after jumping by 1.6 percent in February.
Excluding fuel imports, import prices crept up by 0.1 percent in March, matching a downwardly revised 0.1 percent uptick in Febru...